P11D Expenses and Benefits
Pegasus P11D Expenses and Benefits is a complete expenses and benefits management system. Itís an advanced and easy to use solution for completing P11D returns and P46 submissions, managing expenses and benefits internally and reporting their cash equivalents to HMRC.
Benefits legislation has undergone many changes over the last few years. Employers are obliged to calculate cash equivalents for all benefits and expenses they provide to their employees. This can involve complex calculations and employers face stiff penalties for making mistakes.
The Class 1A National Insurance Contributions charge has been extended to apply to many other benefits, as well as the current Car and Car Fuel benefit. By using P11D Expenses and Benefits you will be guaranteed that all cash equivalents are calculated correctly, thereby ensuring that the correct amount of Class 1A NIC is being paid.
Pegasus P11D Expenses and Benefits has been designed with a view to reducing exposure to erroneous or late returns. If used throughout the year as recommended, it will provide an accurate audit trail of every individual item of benefits and expenses, and can make your company audit-proof.
Pegasus P11D Expenses and Benefits combines power with flexibility, making it the perfect solution not only for businesses of any size but also for accountancy practices and tax service bureaux.
Download the P11D flyer (70kb)
Features and functionality at a glance:
- HMRC-approved P11D/P9D/P46 (car) facsimiles
- Automatic P11D or P9D form calculation and production.
- Complete HMRC reference manuals included in comprehensive Help files
- Electronic submission to HMRC
- Multi-user and multi-company architecture
- Intelligent Import / Export wizards for data
- Calculates extended Class 1A NIC provisions and VAT on fuel scale charges by cost centre and period
- Archives data and rolls forward across tax years
- Advanced Sort and Find capabilities
- Batch allocation of common benefits and expenses
- Easy capture of business and private mileage
- High quality employee benefit statements
- On-screen adjustments/year-round usability
- Processes claims for business mileage
- Benefit alignment wizards for starters and leavers
- MS Outlook compatible e-mail capability for reports
- MS Office compatible for labels and mail merge
- HMRC PAYE Recognition
- Secure and password-protected
- Integrates with Opera 3, Opera II and Capital Gold Payroll or can be used stand-alone